Stank mentioned back in 2020 that they may end up freezing the pension to save money.
2021, layoff after layoff, loss of health benefits for those retiring after 12/31/21.
2022, the segment rate increase caused 35-40% loss in pension lump sum for those eligible (this affected thousands and thousands of employees).
2023, layoff after layoff, transfer of At&T pension to Athene (insurance company with a C- rating), RTO, and now relocation to a hub city.
Next step, Athene goes belly up and affects retirees that make less than $2200 a month in annuity.
And most of you will still stay and think they are in it for your best interest.
I left in November of last year and kept all of my pension in tact. I was no where ready to retire but I surely didn't want to lose close to $200k in my pension!!!! The writing was on the wall!
All of you should focus on what is best for your family and that's it. Make the move before 8/1 when the pension is transferred to Athene!!!